Water restrictions due to the drought are hurting the once booming sod business in California.» Read More
The dismal housing market dragged down fourth-quarter profits at Lowe's by 60 percent, and executives at the home improvement chain said they see little hope of a substantive fix from a federal effort aimed at helping struggling homeowners.
Langone says he has faith the Obama team will turn things around, he's not crazy about the way the administration has gone about things so far.
The Consumer Price Index rose 0.3% after having big drops in the past two months. The core rate, excluding energy and food, rose 0.2%. Here is a breakdown of the inflation benchmark to show you where costs are rising most.
Instead of asking what Warren Buffett has been buying, we should have been wondering what he's been selling. Berkshire Hathaway's stock portfolio snapshot for the end of the fourth quarter reveals its holdings in Johnson and Johnson have been slashed by more than half.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
We pull apart Barron's attempt to measure Cramer's stock-picking performance.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
The visible signs of the carnage in the retail sector will soon be too hard for many to ignore. The International Council of Shopping Centers projects 148,000 retail stores will be shuttered in 2008, and another 73,000 stores will close in the first half of this year. If those estimates prove correct, the number of closures last year will be the highest since at least 2001, and this year, closures will be on track for a similarly brisk pace.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
One month into the year, the average dividend yield of the Dow 30 has gone up a bit since 2009 began, but is still down from where it was at the end of November. See how the 30 companies in the Dow compare.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.
Alan Gayle says it's time for a cautious move back into the stock market. "We see what I would call a transition from the problems...and the promise of the stimulus package that is coming forward in addition to the Fed easing and the like that we've seen," the senior investment strategist at RidgeWorth Capital Management told CNBC.
Companies are cutting jobs by the tens of thousands. State and local governments are penny-pinching, too. So what about Uncle Sam?
More companies announced layoffs on Thursday as the employment picture continued to dim.
This week alone, U.S. companies including Sprint, Home Depot, Caterpillar, Texas Instruments, and others announced they would cut more than 60,000 jobs.
Following are the day's biggest winners and losers. Find out why shares of Home Depot and Wellpoint popped while Legg Mason and Novartis dropped.
More companies announced layoffs on Tuesday as the employment picture continued to dim.